Nottingham Insolvency Specialists at Africa Roundtable on Law Reform

David Burdette, CBIL member and Professor of Insolvency Law at NLS, attended the October 2015 Africa Roundtable event, during which specialists in insolvency discussed the role of insolvency regimes in restoring financial-sector stability.

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David Burdette

David Burdette, Professor of Insolvency Law at Nottingham Law School, recently attended the Africa Roundtable organised by INSOL International, a worldwide body grouping together academics, judges and practitioners in insolvency.

Also at the event was Hamish Anderson, a partner at Norton Rose Fulbright and Visiting Professor at Nottingham Law School. The Africa Roundtable was first established by INSOL International in February 2010 as an annual forum for international bodies, regional institutions, policymakers and stakeholders from the continent, as well as global experts in the field, to debate issues of interest to modern African insolvency.

Attendance at the event is by invitation only and its objectives are to enable a high level dialogue to take place between private practitioners and public policymakers regarding insolvency reform in Africa, thus encouraging reform experiences to be shared and challenges to be discussed in an open and frank forum. As a result, it is hoped that insolvency law reform will become a higher priority on the African policy agenda and that discourse and learning across the region will be stimulated, thus underpinning a coordinated approach towards reforms and capacity building in the region.

The meeting on 12-13 October in Cape Town, South Africa, was on the theme of 'Restoring Financial Sector Stability: The Role of Insolvency Regimes'. Because the African continent has not been immune to the effects of the global financial crisis, weaknesses in corporate finance and governance structures, together with poor macro-economic policies, have combined to cause serious impact on economies in Africa. In turn, this has led to profound effects on the social fabric within countries on the continent, which contains many of the world's developing and emerging jurisdictions. The theme of the Africa Roundtable seeks to explore how good insolvency regimes play a role in assuring the stability of economies, particularly financial sectors, as well as serve to protect creditors' rights and stimulate necessary lending in these economies.

Professor Burdette has also been working as a Consultant with the International Finance Corporation, a division of the World Bank. He has been involved for some time in reviewing reform proposals in the corporate and insolvency law fields.

He moderated two sessions during the course of the two-day conference, one on asset management companies and one on insolvency practitioner regulation.

Nottingham Insolvency Specialists at Africa Roundtable on Law Reform

Published on 23 October 2015
  • Category: Press; Nottingham Law School

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